You Might Be Surprised Which Crypto Could Hit a New All-Time High in May
As the crypto market heads into the post-halving month, potential digital assets are emerging that could see a new All-Time High (ATH) in May. Many cryptocurrencies have experienced impressive rallies in March and April, inching closer to posting new all-time highs. Letโs take a closer look at some of these assets:
BNB Is the Closest to Breaking a 3-Year-Old Record ๐
โ BNB Coin, the native token of Binance, is attempting to surpass its previous ATH of $686 from nearly three years ago
โ Currently facing resistance at $640 but still holding strong at $612
โ The Relative Strength Index (RSI) indicates potential for further growth for BNB
โ RSI measures price movements and helps identify overbought or oversold conditions
โ BNB Coin is just over 12% away from a potential rally in May
Bitcoin (BTC) Is Still in the Game ๐
โ Bitcoinโs price has been hovering between $65,000 and $70,000 post-halving
โ Despite not experiencing an immediate surge, the supply shock is expected to kick in
โ Bitcoinโs price could rally beyond the ATH of $73,737, currently 14% away
โ Long-term projections for Bitcoin remain bullish, following the Wyckoff pattern
Bitget Token (BGB) Is Facing Two Resistances ๐ช
โ BGB is focused on breaking two key resistances to reach a new ATH
โ Currently trading at $1.19, 15% away from the ATH
โ The Moving Average Convergence Divergence (MACD) indicator suggests a bullish outcome
โ BGB could breach the $1.24 resistance and test $1.38 for a potential rally
Ondo (ONDO) Needs to Break the Consolidation ๐
โ ONDO has been consolidating for over a month, trading at $0.799
โ Bouncing off the $0.797 support could lead to a 22% increase back to the ATH
โ RSI indicates bullish support for ONDO, with room for potential growth
Hot Take: Get Ready for an Exciting Month Ahead! ๐
As we head into May, keep a close eye on these cryptocurrencies that have the potential to hit new all-time highs. With key resistances to break and bullish indicators in play, the market could be in for some exciting developments. Stay informed and be prepared for potential rallies in the coming month!
Bernard Nicolai emerges as a beacon of wisdom, seamlessly harmonizing the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the labyrinth of digital assets, Bernard’s insights echo like a resonant chord, touching the minds of seekers with diverse curiosities. His talent for deciphering the most intricate strands of crypto intricacies seamlessly aligns with his editorial finesse, transforming complexity into a captivating narrative of comprehension.